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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION <br />REGULAR MEETING <br /> February 12, 2003 <br /> <br />The Paris Economic Development Corporation met in regular session on <br />Wednesday, February 12, 2003, 3:00 P. M. at Paris Junior College, Applied <br />Technology Building, Room 1206, 2400 Clarksville Street. President Jay Guest <br />called the meeting to order with the following Directors present: Curtis Fendley, <br />Mike Dunn, Don Wall, and Richard L. Severson. Also present were Ex-officio <br />Members Bobby Walters, Executive Director Gary Vest, City Manager Michael <br />E. Malone, City Attorney Larry W. Schenk, and City Clerk Mattie Cunningham. <br /> <br />President Guest called for approval of the minutes from a previous meeting. A <br />motion was made by Director Severson, seconded by Director Fendley, for <br />approval of the minutes as presented. The motion carried unanimously. <br /> <br />President Guest called for the financial report for January, 2003. <br /> <br />Gene Anderson, Director of Finance for the City of Paris, came forward advising <br />the Board that they had been furnished a cash flow statement that he had prepared <br />for the month of January, 2003. He said the formal statements had been included <br />in their agenda packets. Mr. Anderson said he likes to report by exception and if <br />there are unusual items, he likes to point them out to the Board, but if there are <br />routine type expenditures, he does not spend much time on them unless the Board <br />has a question. He said during the month of January, all of the expenditures were <br />of a routine nature as seen from month to month. He did point out that under <br />furniture and fixtures, there were some expenditures for things that went to the <br />Depot. <br /> <br />A motion was made by Director Wall, seconded by Director Dunn, for approval <br />of the financial report as presented by Mr. Anderson. The motion carried <br />unanimously. <br /> <br />Resolution No. 2003-001, approving the audit prepared by McClanahan & Holmes <br />for the Paris Economic Development Corporation for the fiscal year ending <br />September 30, 2002, was presented by City Attorney Schenk. <br /> <br />Mr. Anderson came forward stating that one of the most important things in the <br /> <br /> <br />